Envestnet Asset Management Inc. Sells 29,225 Shares of Paysafe Limited (NYSE:PSFE)

Envestnet Asset Management Inc. lowered its holdings in Paysafe Limited (NYSE:PSFE - Free Report) by 53.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,081 shares of the company's stock after selling 29,225 shares during the period. Envestnet Asset Management Inc.'s holdings in Paysafe were worth $429,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Private Management Group Inc. purchased a new stake in shares of Paysafe during the 4th quarter worth about $8,489,000. Raymond James Financial Inc. bought a new position in shares of Paysafe during the 4th quarter valued at $1,944,000. ExodusPoint Capital Management LP acquired a new stake in shares of Paysafe in the 4th quarter valued at $1,792,000. Foundry Partners LLC boosted its holdings in Paysafe by 39.8% in the fourth quarter. Foundry Partners LLC now owns 339,696 shares of the company's stock worth $5,809,000 after purchasing an additional 96,708 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Paysafe by 15.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 694,079 shares of the company's stock valued at $11,869,000 after buying an additional 91,592 shares in the last quarter. 54.39% of the stock is currently owned by institutional investors.

Paysafe Stock Up 2.1 %

Shares of PSFE stock traded up $0.32 during trading on Friday, reaching $15.70. The company's stock had a trading volume of 128,721 shares, compared to its average volume of 324,993. The company has a market cap of $940.24 million, a price-to-earnings ratio of -41.32, a price-to-earnings-growth ratio of 0.48 and a beta of 1.90. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.76. Paysafe Limited has a one year low of $13.01 and a one year high of $26.25. The business has a fifty day moving average price of $15.43 and a 200-day moving average price of $18.01.

Paysafe (NYSE:PSFE - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.17). The firm had revenue of $420.07 million during the quarter, compared to the consensus estimate of $437.40 million. Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. Analysts anticipate that Paysafe Limited will post 1.87 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PSFE. UBS Group raised their price objective on Paysafe from $17.00 to $17.50 and gave the company a "sell" rating in a research note on Wednesday, February 12th. Bank of America decreased their price objective on Paysafe from $18.00 to $16.00 and set an "underperform" rating on the stock in a report on Monday, March 10th. Finally, Susquehanna decreased their price target on Paysafe from $17.00 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd.

About Paysafe

Paysafe Limited provides end-to-end payment solutions in the United States, Germany, the United Kingdom, and internationally. Its payments platform offers a range of payment solutions comprising credit and debit card processing, digital wallet, eCash, and real-time banking solutions for entertainment verticals, such as iGaming, including online betting related to sports, e-sports, fantasy sports, poker, and other casino games, as well as travel, streaming/video gaming, retail/hospitality, and digital assets.